Treasurer’s Report – November 2018

by Sue Wilson, Treasurer

The balance of unrestricted funds as of October 31, 2018 was $13,392,766 which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of October 31, 2018, PIF had a balance of $16,298,734 plus $573,000 collected in October that was transferred into the PIF account the first part of November 2018. The Capital Reserve Fund had a balance of $5,218,532 as of month end.

The corporation operated within its budget for the 2018 fiscal year.